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can you walk me through steps for this problem? A cash-strapped young professional offers to buy your car with four, equal annual payments of $3,000,
can you walk me through steps for this problem?
A cash-strapped young professional offers to buy your car with four, equal annual payments of $3,000, beginning two years from today.Assuming you're indifferent to cash versus credit, that you can invest at 10%, and that you want to receive $9,000 for the car, should you accept?[4 pts]
A)Yes; present value is $9,510.
B)Yes; present value is $11,372.
C)No; present value is $8,645.
D)No; present value is $7,461.
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